Claude Res Inc CLGRF

CRJ Less Than Book

[VultureTrader]

Why is CRJ so cheap?

I have yet to due my DD, but…

I waded through the detritus, a quick review of relevant posts (must confirm) over the past 3 weeks (all taken at face value, my statements in italics):

CRJ is an exploration company that is dabbling in production

4M+ oz gold (high/low grade?)

New debt facility – no need for dilution via PP

Mining cost/oz over $1000

market cap is less than the cost of the mill

Oz produced per year less that 50,000

Only 10% yearly growth

Need to generate institutional investor interest

Junior golds are way oversold, many micro-caps will not survive without dilutive financing

PM stocks on the rebound

Takeover/buyout in the works?

Principle shareholders aren’t exchanging options (my opinion, don’t need to – any takeout agreement will include the right to cash in options)

A lot of unknowns for me still. No guarantees but the fundamentals suggest CRJ is a buy, but at what price, given the fear on this BB of a buyout. How much further before we see bottom? Will purchaser offer a 70% premium, or base it on Book Value?

Price / Book Value is where you will find the degree that gold and silver miners are selling for less than their tangible value.

The mining sector, by every metric known to stock analysts, gurus and the rest of us, is now selling at a discount - an enormous discount - to the underlying product of their business which is, of course, mining gold and silver. Prices of mining shares are quite literally at lows seen maybe 5 times, if that, in the past 100 years.

Kewl2 posted this link on March 21…pretty exciting stuff:

https://thetsitrader.blogspot.ca/2013/03/a-dozen-miners-that-could-make-you-rich.html

Will the rebound in PM stocks take CRJ back to $2.40 we saw on Feb 2011?

What have I missed?

Later…must do more DD

[Bottles]

Vulture,   I like CRJ/CGR but I must comment on the following:   "CRJ is an exploration company that is dabbling in production"   CRJ has "dabbled" in production for the past 20 years. Its a small high cost producer but one I think that can lower overall costs and increase production. Problem is, gold prices have not been helping out. One day, however, all three

[gog]

For years Seebee ran along, kinda like a hobby mine. They missed the easy credit years ago to ramp up the operation but then they just would have high graded it. The more I looked, took a deep breath it does appear as though some of the moves or lack of make sense. Weve seen this cycle in mining before back in the mid 90's, a great geologist told me "nobody wants these little quartz veins

[cashonthedash]

....Santoy and Gap are the game changer here...new high grade systems....when we get thru 50 cents ..theres no looking back....CRJs a sweet story and the stock has no business at the present SP... Remember this............. CRJ has NO BUSINESS  under 50 cents..... 

[pdcon1]

just speculating but I think share holders will be pleasantly surprised after todays supposed news . CRJ is leak proof  proven many times,  they have much going for them they must accelerate Amisk and Madsen to appreciate share holder value . SeaBee seems to be on track lowering production costs . lets wait and see .